TECHNOLOGICAL INNOVATION

In: Australian journal of public administration, Band 49, Heft 3, S. 332-342

Abstract

In capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organisation (the largest‐scale unit of control for instance) — competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives (Schumpeter 1981).